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Silla Sigurgeirsdóttir & Robert Wade:
‘Lessons from Iceland’ The extraordinary rise and fall of Iceland’s financial-casino economy. Wade and Sigurgeirsdóttir describe the island’s neoliberal turn under a quasi-feudal elite turned banking oligopoly, and its prospects amidst the triple crisis—currency, banking, sovereign debt—now bestriding it.

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NLR 65 was dispatched to subscribers on 18th October

CONTENTS

  1. Robert Wade, Silla Sigurgeirsdóttir: Lessons from Iceland The extraordinary rise and fall of Iceland’s financial-casino economy. Wade and Sigurgeirsdóttir describe the island’s neoliberal turn under a quasi-feudal elite turned banking oligopoly, and its prospects amidst the triple crisis—currency, banking, sovereign debt—now bestriding it.
  2. Theodor Adorno, Max Horkheimer: Towards a New Manifesto? Record of 1956 conversations between the authors of Dialectic of Enlightenment, ranging across themes of work and time, utopianism and change, and the relation between radical theory and practice in the absence of a party.
  3. Joel Andreas: A Shanghai Model? Assessment of Huang Yasheng’s iconoclastic account of the PRC’s economic reforms, Capitalism with Chinese Characteristics. Did the 1990s witness a turn away from rural entrepreneurialism towards a state-led model favouring coastal elites?
  4. Yasheng Huang: The Politics of China’s Path Responding to Andreas, Huang Yasheng offers a different chronology for the rural economy’s decline, and stresses the direct impact of political choices made in Beijing on the pace and direction of capitalist development.
  5. Julian Stallabrass: Museum Photography and Museum Prose Julian Stallabrass surveys the work of Jeff Wall, its critical reception and incorporation into the circuits of institutional art. Mutual accommodations of museum and photographic medium, under the light-box’s commodified glow.
  6. Tom Mertes: War, Crash, Slump Tom Mertes on Liaquat Ahamed, Lords of Finance. Bestselling portrait of the interwar world’s central bankers as originators of the Great Depression—with edifying comparisons to their modern counterparts.
  7. Tor Krever: Calling Power to Reason? Tor Krever on Alain Supiot, Homo Juridicus. Leading French jurist presents an anthropologically grounded case against the subordination of law to the logic of the market.
  8. Kevan Harris: Islam’s Land of Ideas Kevan Harris on Mehran Kamrava, Iran’s Intellectual Revolution. Partial mapping of the Islamic Republic’s ferment of ideas, from theocratic jurisprudence to liberal anxieties over ‘modernization’.
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Articles:

  1. Julian Stallabrass,
    ‘Museum Photography and Museum Prose’ Julian Stallabrass surveys the work of Jeff Wall, its critical reception and incorporation into the circuits of institutional art. Mutual accommodations of museum and photographic medium, under the light-box’s commodified glow.
  2. Tom Mertes,
    ‘War, Crash, Slump’ Tom Mertes on Liaquat Ahamed, Lords of Finance. Bestselling portrait of the interwar world’s central bankers as originators of the Great Depression—with edifying comparisons to their modern counterparts.

Editorials:

  1. Cameron‘s Coalition, Anatomy of the UK’s new crossbreed government, and the uneven electoral geography that produced it. Amid the ruins of New Labour’s economic model and spreading Euro-turbulence, what prospects for resistance to austerity’s impending axe?
  2. New Labour,
    As the British general election approaches, a balance-sheet of New Labour’s thirteen years in office. The record of Blair and Brown—imperial wars abroad, subservience to the City at home—as so many reasons to cheer their downfall.
  3. NLR at 50, What remains of the neo-liberal order after the implosion of 2008—with what implications for a journal of the left? Notes for a future research agenda, as NLR enters its quinquagenary year.
  4. Wall Street Crisis, Against mainstream accounts, Peter Gowan argues that the origins of the global financial crisis lie in the dynamics of the New Wall Street System that has emerged since the 1980s. Contours of the Atlantic model, and implications—geopolitical, ideological, economic—of its blow-out.
  5. NPT What are the geopolitical origins of the NPT, and what are its actual effects? Non-proliferation as nuclear privilege of the few, weapon of intimidation of the one, submission of the many—and its impact on the peace movement.
  6. Afghanistan, Reasons for the West’s stalemate in Afghanistan sought neither in lack of troops and imperial treasure, nor in Pakistani obstruction, but in the very nature of the occupation regime. Tariq Ali on the actual results of ‘state-building’ in the Hindu Kush, as a broken country is subjected to the combined predations of NGOs and NATO.
  7. World Conjuncture, A reckoning of global shifts in political and economic relations, with China emerging as new workshop of the world and US power, rationally applied elsewhere, skewed by Israeli interests in the Middle East. Oppositions to it gauged, along with theoretical visions that offer exits from the perpetual free-market present.
  8. US Hegemony, As war looms again in the Middle East, what are the aims of the Republican Administration, and how far do they mark a break in the long-term objectives of US global strategy? The changing elements of American hegemony in the post-Cold War world.
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